Bahrain EDB Appoints Khalid Humaidan as New Chief Executive

Manama, Bahrain (ots/PRNewswire) - The Bahrain Economic
Development Board (EDB) - the investment promotion agency tasked with
attracting investment into the Kingdom - today announced the joining
of its board member, Khalid Humaidan as Chief Executive, effective
immediately.

Prior to joining the EDB, Mr Humaidan, a Bahraini national, was
the Head of Global Markets MEA at BNP Paribas. He has over 20 years
of experience working in capital markets and currently serves on the
board of Mumtalakat, and until his appointment as CE, sat on the
EDB's Board from 2014.

Mr. Humaidan said:

"At a time of rapid shifts in the global economy, the key to our
prosperity lies in the rapid adoption of new trends and innovation -
as well as strong partnerships between the public and private sector.
The work of the Bahrain Economic Development Board has brought a
range of world-class companies to the Kingdom through a
forward-thinking approach that combines agility, a strong
entrepreneurial ecosystem, and co-ordinated action. Having spent more
than 20 years in Finance, I look forward to contribute to the next
phase of the Kingdom's economic growth and forging even stronger ties
with our partners."

Thanks to its nimble regulation, highly skilled workforce, high
standards of living and low-cost operating environment, Bahrain is
increasingly the destination of choice for businesses - from global
tech leaders to innovative startups - seeking access to the growing
$1.5 trillion Gulf market. In the last two years alone, the EDB has
worked closely with Amazon Web Services, who just recently opened the
region's first hyper-scale data centre Region in Bahrain;
confectionary giant Mondelez, who chose Bahrain for their sixth
global mega plant.

About Bahrain Economic Development Board

The Bahrain Economic Development Board (EDB) is an investment
promotion agency with overall responsibility for attracting
investment into the Kingdom and supporting initiatives that enhance
the investment climate.

The EDB works with the government and both current and prospective
investors, in order to ensure that Bahrain's investment climate is
attractive, to communicate the key strengths, and to identify where
opportunities exist for further economic growth through investment.

The EDB focuses on several economic sectors that capitalise on
Bahrain's competitive advantages and provide significant investment
opportunities. These sectors include financial services,
manufacturing, ICT, tourism, logistics and transport.

For more information on the Bahrain EDB visit www.bahrainedb.com;
for information about Bahrain visit www.bahrain.com.

For more information, please contact:
Communications and Media Department
Economic Development Board
Phone: +973-17-589966
E-mail: internationalmedia@bahrainedb.com

Photo: https://mma.prnewswire.com/media/974106/Khalid_Humaidan.jpg

ots Originaltext: Bahrain Economic Development Board (EDB)
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Original-Content von: Bahrain Economic Development Board (EDB), übermittelt durch news aktuell